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St. Mary’s County moves to add 65-plus property tax credit, estimates $250,000 revenue offset
Summary
County CFO presented a proposal to add a 10% property tax credit for residents aged 65–69 with eligibility limits; commissioners agreed to proceed toward application and public hearing with a $250,000 revenue offset estimate.
The Commission of St. Mary’s County reviewed a plan on March 7 to add a new 10 percent property tax credit for homeowners who turn 65, a change county Finance Director Jeanette Cudmore presented as an expansion of the county’s senior tax-credit program.
Cudmore told commissioners the proposed FY 2018 credit (code 6510 on the county’s scorecard) is budgeted at $250,000 as a revenue offset. Under the criteria discussed, the…
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